NOT LISTED FOR SALE

Estimated Value: $897,000 - $967,000

4 Beds
4 Baths
3,910 Sq Ft
$237/Sq Ft Est. Value

Last Sold March 10, 2022

Last sale price $685,000 $175 Per Sq Ft

Est. 35% increase in value since last sale

Current estimated payment $5,653/month

14 Days on Market

Highlights

  • Balcony
  • Gated Home
  • North Facing Home

About This Home

As of March 2022

The Fourplex is comprised of 4 large 1 bedroom / 1 bathroom units totaling 3,910 SF on 5,068 SF of LA-R3 Zoned Land. There is on-site parking in the rear in addition to ample street parking. This location also has a great walking score of 85.This offering will attract an investor looking for an income producing multi-family property in a densely populated area, just south of USC & the Coliseum. The Offering is located at the south side of W. 40th Pl., just 2 parcels east of Vermont Ave. The site is approximately 2 blocks south of Banc of California Soccer Stadium & the Los Angeles Memorial Coliseum and just 1/2 a mile south of the University of Southern California Campus. It is also just south of Exposition Park; which consists of the California Science Center, Natural History Museum, California African American Museum, and the future George Lucas Museum. It is easily accessible, being just west of the 110 Freeway on ramp and less than 1 mile from the Expo Park /USC metro station, which connects downtown Los Angeles to Santa Monica. The demographics in the immediate area offer over 50,000 people residing within a 1-mile radius and just under 500,000 people residing within a 3-mile radius. PROPERTY MUST BE PURCHASED CONCURRENTLY WITH APN # 5020-031-015

Last Agent to Sell the Property

David Yashar

Keller Williams Realty License #01102638 Listed on: 02/21/2022

Keller Williams Realty

Co-Listed By

David Yashar Broker

Keller Williams Realty License #01980838

Last Buyer's Agent

David Yashar

Keller Williams Realty License #01102638 Listed on: 02/21/2022

Keller Williams Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,077

Year Built

  • Built in 1915

Lot Details

  • 5,068 Sq Ft Lot
  • North Facing Home
  • Gated Home

Parking

  • Driveway

Interior Spaces

  • 3,910 Sq Ft Home
  • 2-Story Property
  • Washer

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Outdoor Features

  • Balcony

Utilities

  • Heating System Mounted To A Wall or Window
  • Property is located within a water district
  • Gas Water Heater

Community Details

  • 3 Units

Listing and Financial Details

  • Assessor Parcel Number 5020-031-016

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,077

Year Built

Built in 1915

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: Yes
  • Living Area: 3910
  • Lot Acreage: 0.1163
  • Probate: No
  • Stories: 2
  • Year Built: 1915
  • Number Of Photos: 8
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 4
  • Common Walls: Attached
  • Total Bathrooms: 4.00
  • Equipment: Gas Or Electric Dryer Hookup, Washer
  • Price Per S Q F T: 204.60

Exterior Features

  • Direction Faces: North
  • Other Features: Balcony
  • Other Structures: None
  • Tennis Court Y/N: No
  • Pool: No
  • Spa Yn: No
  • View: No

Garage/Parking

  • Parking Garage: Driveway

Utilities

  • Water Heater: Gas
  • Heating: Wall
  • Security: Gated
  • Water: District
  • Water Heaters: Yes

Lot Info

  • Assessed Improvement Percent: 27.63
  • Assessed Improvement Value: 216419
  • Assessed Land Percent: 72.37
  • Assessed Land Value: 566811
  • Total Assessed Value: 783230
  • Assessor Parcel Number: 5020-031-016
  • Lot Size Area: 5068

Multi Family

  • Unit Type: 2106
  • Gross Rent Multiplier: 21.10
  • Number Of Units: 3
  • Total Annual Expense: 18863
  • Type Of Units: Residential
  • Vacancy Rate: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 23, 2025
Sold by
Rosenberg Mikhail Oliver
Bought by
Las Palmas Holdings Llc
Current Estimated Value
$926,333

Purchase Details

Listed on
Feb 21, 2022
Closed on
Mar 8, 2022
Sold by
40Th Llc
Bought by
Las Palmas Holdings Llc
Seller's Agent
David Yashar
Keller Williams Realty
Buyer's Agent
David Yashar
Keller Williams Realty
List Price
$800,000
Sold Price
$685,000
Premium/Discount to List
-$115,000
-14.38%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.72%

Purchase Details

Closed on
Feb 25, 2019
Sold by
Abraham Esteghball Saman and Abraham Davood
Bought by
40Th Llc

Purchase Details

Closed on
Oct 25, 2018
Sold by
918 40Th Pl Llc
Bought by
Abraham Esteghball Saman and Abraham Davood

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$420,000
Interest Rate
4%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Oct 5, 2018
Sold by
Davood Orly Kashri
Bought by
Davood Abraham

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$420,000
Interest Rate
4%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Sep 28, 2017
Sold by
Kim David Hon
Bought by
918 40Th Llc

Purchase Details

Closed on
Mar 31, 2017
Sold by
Gonzalez Martin
Bought by
Kim David Hon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$388,500
Interest Rate
4.23%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 6, 2004
Sold by
Gonzalez Martin
Bought by
Gonzalez Martin and Gonzalez Juleena T

Purchase Details

Closed on
Dec 3, 2001
Sold by
Gonzalez Martin
Bought by
Gonzalez Martin

Purchase Details

Closed on
May 22, 2001
Sold by
Gonzalez Martin
Bought by
Gonzalez Martin

Purchase Details

Closed on
Sep 12, 1997
Sold by
Gonzalez Graciano
Bought by
Gonzalez Graciano and The Graciano Gonzalez Living Trust

Purchase Details

Closed on
Jul 22, 1994
Sold by
Gonzalez Mercedes
Bought by
Gonzalez Graciano
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Las Palmas Holdings Llc -- None Listed On Document
Las Palmas Holdings Llc $1,370,000 Chicago Title
40Th Llc -- None Available
Abraham Esteghball Saman $600,000 Fidelity National Title Comp
Davood Abraham -- Fidelity National Title
918 40Th Llc -- Accommodation
Kim David Hon $545,000 Fidelity National Title
Gonzalez Martin -- --
Gonzalez Martin -- --
Gonzalez Martin -- --
Gonzalez Graciano -- --
Gonzalez Graciano -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Abraham Esteghball Saman $420,000
Previous Owner Kim David Hon $388,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/10/2022 03/10/22 Sold $685,000 -14.4% $175 / Sq Ft
03/07/2022 03/07/22 Pending -- -- --
02/21/2022 02/21/22 For Sale $800,000 -- $205 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $9,077 $726,926 $482,849 $244,077
2024 $9,077 $712,674 $473,382 $239,292
2023 $10,304 $814,870 $589,709 $225,161
2022 $9,839 $798,894 $578,147 $220,747
2021 $9,699 $783,230 $566,811 $216,419
2020 $9,794 $775,200 $520,200 $255,000
2019 $9,415 $760,000 $510,000 $250,000
2018 $7,980 $632,400 $408,000 $224,400
2016 $816 $38,475 $20,687 $17,788
2015 $809 $37,898 $20,377 $17,521
2014 $842 $37,156 $19,978 $17,178
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 22-130247

The MLS

APN: 5020-031-016